This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties.
FY201FY20133 Financial ResultsFinancial Resultsended March 31, 201ended March 31, 20133
April 2April 266, 201, 20133
This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties.
1 / 28Overview of FY2013 Financial Results
3. Sales and Income will be increase in FY2014.3. Sales and Income will be increase in FY2014.
1. Sales and Income increased from the previous year due to the recovery of car production in Japan andthe strong car production in North America andAsia and Oceania.
1. Sales and Income increased from the previous year due to the recovery of car production in Japan andthe strong car production in North America andAsia and Oceania..
2. Annual dividend per share is 64 yen as the same as previous year
2. Annual dividend per share is 64 yen as the same as previous year
This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties.
FY2013 Financial Results
+13.5%(+27.1%)
+13.5%(+27.1%)
+ 1.98(+1.07)
+ 1.98(+1.07)
JPY 4JPY -2JPY 4JPY -2
+3.4%+3.4%+ 0.3+ 0.3
+ 426.3+ 426.3
+101.6+101.6
+118.4+118.4
+92.4+92.4
+13.5%+13.5%
+63.2%+63.2%
+72.4%+72.4%
+103.5%+103.5%
(Unit: Billions of Yen)
(Unit: Millions of Units)
ChangeChange
(Ratio to Sales)
SalesSalesOperating IncomeOperating IncomeIncome before Income TaxesIncome before Income Taxes
Net IncomeNet Income
Foreign Exchange RateForeign Exchange Rate
Domestic Car Production Domestic Car Production
Overseas Car Production of Japanese Manufacturers(North America)
Overseas Car Production of Japanese Manufacturers(North America)
FY2013FY2013
3,580.93,580.9
262.4262.4
281.9281.9
181.7181.7
JPY 83/$JPY 107/EuroJPY 83/$JPY 107/Euro
9.199.19
(7.3%)
(5.1%)
(7.9%)
2 / 28
14.65(3.95)
14.65(3.95)
3,154.63,154.6
160.7160.7
163.5163.5
89.389.3
JPY 79/$JPY109/EuroJPY 79/$JPY109/Euro
8.898.89
(5.1%)
(2.8%)
FY2012FY2012
(5.2%)
16.63(5.02)
16.63(5.02)
This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties.
10.1%
38.7% 51.2%
40.1%
49.1%
10.8%
197.1248.7
83.390.6
77.9
90.377.9
86.855.359.9
72.377.7
67.554.8
66.453.8
61.359.5
61.2
73.0
466.9
469.9
0
100
200
300
400
500
600
700
800
900
1,000
1,100
1,200
'12/3 '13/3
1,400
OE Sales for othersOE Sales for others
1,264.1
1,388.0 ( ):Change from FY12
Others
Fuji
Hyundai/Kia
Ford
Suzuki
Fiat
GM
Honda
MazdaChryslerVW・AUDI
Toyota Group
OESales
for others
After-market,Newbusiness&Others
FY12
By CustomerBy Customer (Unit: Billions of Yen)
FY13
Change in FY2013 Consolidated Sales
(+26.1%)
(+13.9%)
(+8.8%)
(+15.9%)
(+32.0%)(+20.7%)
(+ 11.3%)
(+ 2.8%)
(- 13.1%)(+21.1%)
(+0.6%)
1,832.01,388.0
360.9
3,580.9
FY12
FY13
3,154.61,549.4
1,264.1
341.1 1,300
After-market,New business&Others
OESales
for others
Toyota Group
3 / 28
1,200
This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties.
940.41,057.5
576.9285.4
342.1230.9
256.0
1,238.21,060.2
534.6
110.2
103.1
0
400
800
1,200
1,600
2,000
2,400
2,800
3,200
3,600
'12/3 '13/3
Change in FY2013 Consolidated Sales
3,154.6
Thermal
Information & Safety Systems
Electronic
Small Motors
Others
PowertrainControl
(Unit: Billions of Yen)( ):Change from FY12
FY12 FY13
By Business Segment 3,580.9
(+16.8%)
(+ 12.5%)
(+ 7.9%)
(+ 6.9%)
(+ 19.8%)
(+10.9%)
4 / 28
This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties.
FY13
262.4
Currency exchange
gain
160.7
Operating Income
+17.5
Operating Income Expense
-30.7
Labor cost
Others(Mix)
Variable cost
reduction
-18.0-0.5
+92.0
+33.0
Change in FY2013 Operating Income
Production volume
increase
(Unit: Billions of Yen)
Depre-ciation
-1.8
FY12
5 / 28
+16.5
Others(Mix)
Temporary cost of
earthquake
This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties.
3.2
59.5
6.48.8
83.9
3.1
73.7
3.9
13.4
0
20
40
60
80
100
120
140
160
日本 北米 欧州 豪亜 その他
2,197.6
387.2512.1
626.7
57.7
2,463.6
635.4
63.9
794.0
372.2
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
日本 北米 欧州 豪亜 その他
SalesSales
EuropeJapan NorthAmerica
Asia & Oceania Others
( ): Local Currency Base(Unit: Billions of Yen)
Geographical Segments by Company Location
[ ]: Ratio to Sales
+24.1%(+18.3%)
+12.1%
-3.9%(-2.5%)
+10.7%(+24.4%)
+26.7%(+22.6%)
2,400
2,600
+103.5%
-38.7%(-38.1%)
+53.1%(+46.0%)
[6.9%]
[3.8%]
[2.1%]
[1.1%]
[9.3%]
[4.9%]
+23.9%(+18.9%)
-1.1%(+10.8%)
Operating Operating IncomeIncome
6 / 28
FY12 FY13
EuropeJapan NorthAmerica
Asia & Oceania Others
FY12 FY13
[1.7%] [1.6%]
[9.5%]
[5.5%]
2,200
170.7
170
150
This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties.
FY2014 Financial Forecast
+6.4%(+11.2%)
+6.4%(+11.2%)
+ 1.06(+0.56)
+ 1.06(+0.56)
JPY 7JPY 13JPY 7JPY 13
-1.6%-1.6%- 0.15- 0.15
+ 219.1+ 219.1
+ 22.6+ 22.6
+ 21.1+ 21.1
+ 12.3+ 12.3
+6.1%+6.1%
+8.6%+8.6%
+7.5%+7.5%
+6.8%+6.8%
(Unit: Billions of Yen)
(Unit: Millions of Units)
ChangeChange
(Ratio to Sales)
SalesSalesOperating IncomeOperating IncomeIncome before Income TaxesIncome before Income Taxes
Net IncomeNet Income
Foreign Exchange RateForeign Exchange Rate
Domestic Car Production Domestic Car Production
Overseas Car Production of Japanese Manufacturers(North America)
Overseas Car Production of Japanese Manufacturers(North America)
FY2014FY2014
3,800.03,800.0
285.0285.0
303.0303.0
194.0194.0
JPY 90/$JPY120/EuroJPY 90/$JPY120/Euro
9.049.04
17.69(5.58)
17.69(5.58)
(7.5%)
(5.1%)
(8.0%)
7 / 28
16.63(5.02)
16.63(5.02)
3,580.93,580.9
262.4262.4
281.9281.9
181.7181.7
JPY 83/$JPY107/EuroJPY 83/$JPY107/Euro
9.199.19
(7.3%)
(5.1%)
FY2013FY2013
(7.9%)
This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties.
FY14F
262.4 -16.0
Currency exchange gain
285.0
Operating Income
+30.0
Operating Income
Expense
-28.0
Labor cost Raw
material cost
Others(Mix)
Variable cost reduction
-10.2-15.0 +39.0
+34.0
Change in FY2014 Operating Income Forecast
Production volumeincrease
(Unit: Billions of Yen)
Depre-ciation
-11.2
FY13
8 / 28
Others(Mix)
This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties.
3.1
73.7
3.9
13.4
170.7
4.5
63.5
8.513.0
199.0
0
20
40
60
80
100
120
140
日本 北米 欧州 豪亜 その他
63.9
635.4
794.0
372.2
2,463.6
866.0
460.0
76.0
730.0
2,496.0
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
日本 北米 欧州 豪亜 その他
SalesSales
EuropeJapan NorthAmerica
Asia & Oceania Others
( ): Local Currency Base(Unit: Billions of Yen)
Change in FY2014 Geographical Segments by Company Location Forecast
[ ]: Ratio to Sales
+14.9%(+6.2%)
+1.3%
+23.6%(+11.2%)
+18.9%(+11.4%)
+9.1%(+2.1%)
2,400
2,600
+16.6%
+117.4%(+95.9%)
-3.2%(-10.9%)
[6.9%]
[8.0%]
[2.1%][1.8%] [1.8%]
[9.3%]
[7.3%]
[4.9%] [5.9%]
-13.8%(-19.2%)
+43.5%(+34.7%)
Operating Operating IncomeIncome
9 / 28
FY13 FY14EuropeJapan North
AmericaAsia & Oceania Others
FY13 FY14
2,200
[1.1%]
200
180
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1.Global Mid-term Policy2. Technology Development for Foster the Growth
(1) Fuel Saving Products(2) Safety Products(3) Contribution to TOYOTA New Global Architecture(4) Product Development for Developing Country(5) DENSO’s Development / Product Network
3. DENSO Group Long-Term Policy 2020
11..Global MidGlobal Mid--term Policyterm Policy22.. TechnologyTechnology Development for Development for FostFoster the er the GrowthGrowth
((11)) Fuel SavingFuel Saving ProductsProducts(2)(2) Safety ProductsSafety Products(3) Contribution to(3) Contribution to TOYOTA New Global ArchitectureTOYOTA New Global Architecture(4) Product Development for Developing Country(4) Product Development for Developing Country(5)(5) DENSODENSO’’ss Development / Product NetworkDevelopment / Product Network
33.. DENSO Group LongDENSO Group Long--Term Policy 2020Term Policy 2020
Topics 10 / 28
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11 / 28
(1) Strengthen relationship with major automakers and expand business in growing emerging markets
(2) Develop system products that make vehicles more attractive for customers(3) Expand aftermarket business and develop new businesses
2.2.Evolve by continuing to develop the worldEvolve by continuing to develop the world’’s first productss first products(1) Improve capabilities of product development focused on world first technology(2) Establish global procurement, production, and supply systems that make us outstanding
(Dantotsu) cost competitive
3.3.Facilitating GroupFacilitating Group--wide collaboration worldwide and speedingwide collaboration worldwide and speeding--up up corporate managementcorporate management
(1) Strengthen the foundation to facilitate the collaboration of 120,000 associates in the DENSO Group
(2) Foster a corporate climate that encourages associates to act quickly
DENSO Group’s Global Mid-term PolicyDENSO GroupDENSO Group’’s Global Mids Global Mid--term Policyterm Policy
Global MidGlobal Mid--term Policyterm Policy
1.1.Strategies to expand business for ensuring our continuous Strategies to expand business for ensuring our continuous growth in future yearsgrowth in future years
Achieve consolidated sales of 4,000 billion yen and an operating margin of 8% in FY2016.Achieve consolidated sales of 4,000 billion yen and an operating margin of 8% in FY2016.
This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties.
12 /28
Global Car ProductionGlobal Car Production
SalesSales
Operating IncomeOperating Income
ChangeChange
+6%/year+6%/year
+7%/year+7%/year
79.0079.00
3,154.63,154.6
160.7160.7
FY12 YTD
99.6099.60
4,000.04,000.0
320.0320.0
FY16 YTD
Operating Profit RatioOperating
Profit Ratio 5.1%5.1% 8.0%8.0%
Target for FY 2016Target for FY 2016
Global MidGlobal Mid--term Policyterm Policy
2. Segment 2. Segment 3. Customer3. Customer1. Factor1. Factor
Asia&Oceania
Japan
North America
Europe
Others
Expansion Sales
Aftermarket&New Business
Overseasautomakers
Increase of Car Production
Japaneseautomakers
ToyotaGroup
(Unit :Millions of Units)(Unit: Billions of Yen)
Sales+850 billions of yen
Established on April, 2012
82.9482.94
3,580.93,580.9
262.4262.4
7.3%7.3%
FY13 YTDFY13 YTD
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TechnologyTechnology Development for Foster the GrowthDevelopment for Foster the Growth 13 / 28
Smaller and Lighter Hybrid Components- Improvement of Inverter- Motor Generator
ElectrificationHybrid
Electric Vehicle
SmallerFuel-efficient Compact Car
Smaller and Lighter Components
System ApproachFuel Saving through System Collaboration
Energy Management Systems- Heat Energy and Electric Management
Higher Output Internal CombustionEngine- Gasoline Direct injection- Common Rail System
Stop -Start System- Improve Starter’s Starting Efficiency
and Durability- Fuel Saving System
Example
Technology Innovations for Fuel Efficiency/CO2ReductionTechnology Innovations for Fuel Efficiency/CO2Reduction
Example
Sales
FY13 FY16 FY21
This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties.
Sub battery(12V)
Charger(PHV)ENG ECU
T/M
Energy saving air conditioning system
TCU
HV ECU
Battery pack
Mainbattery
Inverter
ICE
HV-
radi
ator
Current sensor
DCDC converter Battery monitor unit
High voltage relay
Cooling fan
Motor generator
Heat pump
E-compressor
Products highlighted in blue: under development
Smaller and Lighter Hybrid ComponentsSmaller and Lighter Hybrid ComponentsSmaller and Lighter Hybrid Components
14 / 28
Adopted by Inverter for New CROWN, Motor Generator for AQUAAdopted by Inverter for New CROWN, Motor Generator for AQUAAdopted by Inverter for New CROWN, Motor Generator for AQUA
TechnologyTechnology Development for Foster the GrowthDevelopment for Foster the GrowthHybrid
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SKYACTIVSKYACTIV--GG
New Direct Injection Engine
SKYACTIVSKYACTIV--DriveDrive
New Transmission
Electric VCT AT Module
SKYACTIVSKYACTIV--DD
New Diesel Engine
Gasoline Direct Injection Common Rail System 2000 hpa
ECUECU
RailRail
InjectorInjector((PiezoPiezo))
PumpPump
FilterFilter
TechnologyTechnology Development for Foster the GrowthDevelopment for Foster the Growth
Higher Output Internal Combustion Engine Gasoline / DieselHigher Output Internal CombustionHigher Output Internal Combustion Engine Engine Gasoline / DieselGasoline / Diesel
Supplies them on the Mazda・SKYACTIVSupplies them on the Mazda・SKYACTIV
- Contribute to fuel consumption improvement -
15 / 28
Gasoline
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Help ensure safety in case of emergency(Damage reduction in case of the car crash)
Give you peace of mind each time you drive
Night View System with Pedestrian Detection Function
Lane departure warning
Pre-Crash Safety
Driver Monitoring System
Extraordinary Safety
Everyday confidence
Safety SystemsSafety SystemsSales
16 / 28
FY13 FY16 FY21
TechnologyTechnology Development for Foster the GrowthDevelopment for Foster the Growth
Near-miss
Minor accident
Severe accident
Anxiety, uncomfortable feeling
Safety
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CROWN (Pedestrian Collision Detection Sensor )CROWNCROWN ((Pedestrian Collision Detection SensorPedestrian Collision Detection Sensor ))
:Pedestrian
Hollow housing
17 / 28
Food light Window
Receiver Window
To reduce pedestrian head injuries in a pedestrian/ vehicle engine hood collision by creating a larger buffer space between the hood and hard components.
Smart Assist (DAIHATSU)
Pop-up Hood Pressure sensor
MOVE (Laser Radar for Smart Assist )MOVEMOVE ((Laser Laser RRadar adar for for Smart AssistSmart Assist ))
Simplify function for Low-speedSmaller by small lenses Integrate ECU
1- Low-speed Collision Avoidance Break2- Unintended starting out prevention3- Announcement of starting of proceeding vehicle ahead4- VSC & TRC
TechnologyTechnology Development for Foster the GrowthDevelopment for Foster the GrowthSafety
regardless of the collision position on the front bumper
DENSO’s Front Sensor contribute to function 1,2,3
Front Laser Radar assistPre-crush , Damage reduction
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Contribution to TOYOTA New Global ArchitectureContribution to TOYOTA New Global Architecture
TNGA Activity DENSO
Creating attractive cars(Styling / Driving performance)
⇒Improving the marketability
Cost reduction ⇒Standardization
⇒Streamlining Development
Development of next generation
system & products
Promoting the standardization with competitive
products
Improving cost competitiveness, quality, and production efficiency
Generating the resources to develop the next products
Proposal
DENSO’s GoalDENSODENSO’’ss GoalGoal
* TNGA :Toyota New Global Architecture
18 / 28
PermanentActivity
Standardization of the Good Products while Reducing the Type of Product .
+
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OrganizationOrganization
ComponentSystem
President
Synchronizing Technology Planning Dept ・ Sales Group
Powertrain G Thermal G
Electronics GInformation & Safety G
Development of next generation systemto create attractive cars
Safety
Powertrain/HV
HMI / Telecommunication
Thermal System
Electronic System
Development of next generation products to constitute next generation system
Promote Both of Activities in the Whole Company
EVP SED
19 / 28Contribution to TOYOTA New Global ArchitectureContribution to TOYOTA New Global Architecture
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Stratification of development (Standardization & Differentiation) Stratification of development (Standardization & Differentiation)
20 / 28
Electronic platform system
Upper body productsInformation/Telecommunication・Safety Products⇒ Differentiation of the function and the design to reflect
the region needs
Under body products<P/F・Unit Products and Devise>
⇒Standardization of the good products whilereducing the type of product
Component
System Standardi-zation
Differen-tiation
Differen-tiation
(Variation)
Regional Tastes / Environment
Universal Value of vehicles
⇒ Smaller and lighter, and high-fuel efficiency
⇒Development without Galapagosizationbased on other car makers in the future
Core engineering which has competitiveness
(Global Standards)
Optimal location and Products
Car Electronics System⇒Standardization of the system and technology to realize improve
marketability in timely. (Flexibility・Extensibility)
Platform marketability Appeal
Contribution to TOYOTA New Global ArchitectureContribution to TOYOTA New Global Architecture
Regional Lows / Environment
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【【 Adoption SituationAdoption Situation 】】
Guangzhou Automobile FIAT (3 Products)
Tianjin FAW XIALI Automobile (8 Product)
FY16
ASEA
NC
HIN
A
FY14FY13
IND
IASouth
Am
erica
FY17FY15
4 Promotion of local procurementStrengthen Monozukuri
3 Establish Specific QualityStandard
1 Optimum function
2 Optimum Structure
5 Localization of Development
Market /Competitor
Research
MarketExpansion
Developnment
Strengthen Monozukuri
Whole company ProjectWhole company ProjectTargetTarget:: 23 Products23 Products
【 Development ProcessDevelopment Process 】
Start Delivery from June, 2012Expand installing in 18 Models
Start Delivery from June, 2012Expand installing in 18 Models
【Radiator&Electric Fun】 【HVAC Unit】 【Wiper】
【Ingecter】【O2 Sensor】【VCT】【Electric Slittol】【Alternator】
Tianjin FAW XIALI AutomobileTianjin FAW XIALI AutomobileGuangzhou AutomobileGuangzhou AutomobileFIATFIAT
【Ignition Coil】 【Starter】 【Engine ECU】 【Radiator&Electric Fun】 【HVAC Unit】
Development for Emerging Countries Development for Emerging Countries 21 / 28
Contribute to Mortorization of Emerging Countries by Optimize Market and Customer’s needsContribute to Mortorization of Emerging Countries by Optimize Market and Customer’s needs
【【 ActivitiesActivities 】】
DaihatsuDaihatsu
ToyotaToyota
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Open in July 2012 Open in May 2012 Relocation and expansion
India (Deli)Brazil (Santa Barbara) China (Shanghai)Thailand (Bangkok)
Santa BarbaraDeli
North and South China, Xian, Taiwan
ShanghaiChina SAIndia
ThailandGermanyMichigan
--Vietnam, Philippines Australia
UK, Italy, Sweden, Czech
Tennessee, California
Group companiesKoreaSatellite
Asia & OceaniaEuropeNAJapanCore T/C
Core Technical Centers (T/C) and Satellites
North America
South America
IndiaIndia
EuropeJapan
Asia & Oceania
China
DENSO’s Development Network
Undergoing upgrades
Establishing global development system to develop region-best productsin 7 regions around the world.Establishing global development system to develop region-best productsin 7 regions around the world.
22 / 28
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23 / 28Global Production Network
Brazil <Santa Barbara>
Investment :100 million real (approx. US$48.8 million)
Employees :342 (as of June 2012)Total floor area : 30,200㎡Business description: Manufacturing automotive air-conditioning systems, cooling modules, (start manufacturing in Sep.2012) starters, and windshield wipers
Indonesia <Fajar Plant >
Investment: Approx. 1,040 billion rupiah (approx. US$110 million*)
Operation Start : February 2014Employees : Approx. 1,300 (planned for March 2016)Total floor area : 24,000 m2 Business description:Manufacturing ECUs, VCT systems, starters, and alternators
India <Haryana・Jhajjar Plant>
Investment : 2.7 billion rupees (approximately US$52.2 million)
Operation Start : July 2013Employees 450 (planned for July 2013) Total floor area : 12,000㎡Business description: Manufacturing and selling small motors for products such as windshield wipers and power windows, and engine cooling modules
Mexico <Silao Plant>
Investment : approx. US$57 million Operation Start : October 2013 Employees: 400 people by 2015Total floor area : 25,600㎡Business description: Manufacturing air conditioning (HVAC) units
Global Network215 companies
(35 Countries and Area)
As of September 30, 2012
Expanding global production system.Expanding global production system.
Capital Expenditures FY14FY14260 billions of yen
(Increase +29.4 bllions of yen,+13% from previous year)
・Japan 130.0 ( +6.7)・North America 32.0 (+11.5)・Europe 21.0 ( +1.9)・Asia&Oceania 70.0 ( +7.4)・Others 7.0 ( +2.9)
This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties.
10/3 11/3 12/3 13/3 14/3予 16/3予
Sales TargetSales Target
Consolidated Sales(Unit: Billions of Yen)
Over 4,000
Sales target by FY2016 – More than 4,000 billion yen.
24 / 28
3,800
3,1553,1322,977
FY14FFY10 FY11 FY12 FY13 FY16F
3,581
This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties.
34
27
89.3
194.0
143.0
73.4
181.7
0
20
40
60
FY10 FY11 FY12 FY13 FY14F
-100
0
100
200
300
DividendNet Income
Return to Shareholders
(Yen)
(Billions of Yen) (Billions of Yen)(Yen)
Year-end
Interim
Year-end
Interim
6864
46
22
FY2013 Annual Dividend per Share: Increase by 18 yen to 64 yenFY2013 Annual Dividend per Share: Increase by 18 yen to 64 yen
FY2014 Annual Dividend per Share: Increase by 4 yen to 68 yenFY2014 Annual Dividend per Share: Increase by 4 yen to 68 yen
27
3746
Year-end
24
Interim
27
25 / 28
Year-end
23
23
Interim
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Protecting Lives,Preserving the planet, andPreparing a bright future for generations to come
Protecting Lives,Preserving the planet, andPreparing a bright future for generations to come
Our mission in next 10 yearsOur mission in next 10 years
Preserve the PlanetPreserve the Planet Security & SafetySecurity & Safety
DENSO Group Long-Term Policy2020 26 / 28
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SocietySocietySociety
VehicleVehicleVehicle
System of Society- Micogriad
Energy Management
Environmental Load Reduction EEnvironmental nvironmental
LLoad oad RReduction eduction
Electrification
EnvironmentEnvironment27 / 28
PowertrainPowertrainPowertrainImprove Internal‐combustion Engine
Fuel Diversification
- Improve efficiency of air conditioner- Heat management
DENSO Group Long-Term Policy2020
Influence for Society
Tech
nolo
gy E
xpan
sion
This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties.
Tech
nolo
gy E
xpan
sion Infrastructure / Crowd
-Intersection accident avoidance -Automatic driving
Influence for Society
Pre-Crush- Low-speed → High-speed- Pedestrian- Lane-keeping → Off-lane- Reduce Driver’s load- Reduce Human error
Damage reduction in case of the car crash
SocietySocietySociety
VehicleVehicleVehicle
DriverDriverDriver
ReduceTraffic Accidents
ReduceReduceTTraffic raffic AAccidentsccidents
Security & SafetySecurity & Safety28 / 28DENSO Group Long-Term Policy2020
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2009. 6. 25© DENSO CORPORATION All rights reserved.
This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties.
AppendixAppendix
・ Changes of Sales/Operating Income at each Quarter Closing
・ Non-Consolidated Financial Results
・ Pre-Conditions (Foreign Exchange Rate/Car Production)
・ Consolidated Sales by Customer
・ Consolidated Sales by Business Segment
・ Capital Expenditures, Depreciation, and R&D
This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties.
1,000
600
800
50
<Unit: Billions of Yen>
Applicable period of Incentive in the main countries
<Reference>
11/12Japan
( ) : Consoli. Sales vs. Previous year:Consoli. Sales:Consoli. Operating Income
12/9
12/9
12/310/910/6 11/310/1210/3 11/6 11/9 11/12 12/6 13/3
09/1 10/309/5 10/12
09/3
10/9
(+3.9%)
< > : Consoli. Operating Income ratio 940.2
(+9.2%)
882.4
<6.8%>
(+9.7%)
53.6
786.8(+37.3%)
70.7
802.8
<8.8%>
(-9.9%)
<1.8%>13.9
773.4
(-5.8%)
<6.5%>50.2
768.5
(+67.6%)
57.9
858.5
<6.7%>
(-21.5%)
-4.4
630.2
(+4.8%)
<6.2%>50.2
805.2
(-1.0%)
<4.7%>36.2
778.9
(+21.6%)
78.6
<-0.7%>
<8.4%>
850.7(+40.0%)
78.2
<8.9%>
58.1<6.8%>
836.3
51.7<6.2%>
Korea
JapanUSA
Italy
Germany
SpainUK
France
China
12/12
(+7.6%)1,011.5
74.4<7.4%>
Changes of Sales/Operating Income at each Quarter Closing
This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties.
Non-Consolidated Financial Results
Income Statements(Ratio to Sales) (Unit:Billions of Yen,%)
Amount Percent Amount Percent
Net Sales ( 100.0 ) 2,276.8 ( 100.0 ) 2,031.6 245.2 12.1 ( 100.0 ) 2,315.0 38.2 1.7
Cost of Sales ( 88.1 ) 2,006.1 ( 90.8 ) 1,844.5 161.6SGA Expenses ( 6.5 ) 147.1 ( 6.7 ) 135.2 11.9Operating Income ( 5.4 ) 123.6 ( 2.6 ) 51.9 71.7 138.1 ( 6.7 ) 155.0 31.4 25.4Non-Operating Income 72.2 62.1 10.1 50.0 -22.2Extraordinary Income (Loss) 0.3 -1.1 1.4 0.0 -0.3Income Before Income Taxes ( 8.6 ) 196.1 ( 5.6 ) 112.9 83.2 73.7 ( 8.9 ) 205.0 8.9 4.5Net Income ( 6.4 ) 146.0 ( 3.9 ) 79.2 66.9 84.5 ( 6.6 ) 152 6.0 4.1
FY2014Forecast
Change from FY13Account FY2013 FY2012
Change
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Pre-Conditions (Foreign Exchange Rate/Car Production)
Prior Year Actual Change Prior Year Actual Change Prior Year Actual Change Forecast Change
80 79 - 1 78 87 + 9 79 83 + 4 90 + 7
114 101 - 13 104 114 + 10 109 107 - 2 120 + 13
29 32 3 28 - 4.0
7 7 - 7 -
3.73 4.74 + 27% 5.16 4.45 - 14% 8.89 9.19 + 3% 9.04 - 2%
NorthAmeric 1.56 2.47 + 58% 2.39 2.55 + 7% 3.95 5.02 + 27% 5.58 + 11%
6.79 8.30 + 22% 7.87 8.33 + 6% 14.65 16.63 + 14% 17.69 + 6%
Car Production ofJapanese
Manufacturers(Millions of Units)
Domestic
Overseas
Foreign ExchangeRate (Yen)
USD
EUR
Forex Impact onOperating Income
per Yen(Billions of Yen)
USD
EUR
FY2014 Full YearFY2013 Second-HalfFY2013 First-Half
FY2013 Full Year
This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties.
Consolidated Sales by Customer(Unit: Billion of Yen)
Amount % to Total Amount % to Total Amount %Toyota 1,680.5 47.0 1,410.3 44.7 270.3 19.2Daihatsu 100.7 2.8 92.7 2.9 7.9 8.6Hino 50.8 1.4 46.4 1.5 4.4 9.6Toyota Group 1,832.0 51.2 1,549.4 49.1 282.7 18.2Honda 248.7 7.0 197.1 6.2 51.5 26.1GM 90.6 2.5 83.3 2.6 7.3 8.8Hyundai/Kia 90.3 2.5 77.9 2.5 12.4 15.9Suzuki 86.8 2.4 77.9 2.5 8.8 11.3Fuji 73.0 2.0 55.3 1.7 17.7 32.0Ford 72.3 2.0 59.9 1.9 12.4 20.7Fiat 67.5 1.9 77.7 2.5 -10.2 -13.1Mazda 66.4 1.9 54.8 1.7 11.6 21.1Chrysler 61.3 1.7 53.8 1.7 7.5 13.9VW/AUDI 61.2 1.7 59.5 1.9 1.7 2.8Isuzu 51.2 1.4 43.5 1.4 7.7 17.8Mitsubishi 45.4 1.3 46.9 1.5 -1.5 -3.2Nissan 40.2 1.1 33.9 1.1 6.3 18.6BMW 29.4 0.8 28.0 0.9 1.4 5.0Benz 24.8 0.7 21.7 0.7 3.1 14.5Jaguar/Land Rover 17.9 0.5 18.4 0.6 -0.6 -3.0PSA 14.6 0.4 15.9 0.5 -1.3 -8.2OE Sales for others 246.5 6.9 258.6 8.2 -12.0 -4.7OEM Total 3,220.0 89.9 2,813.6 89.2 406.5 14.4After-market,New business & Others(*) 360.9 10.1 341.1 10.8 19.8 5.8
Total 3,580.9 100.0 3,154.6 100.0 426.3 13.5* Sales of industrial systems and consumer products, Sales for After Market, and Sales of property/equipment are included.
Ended Mar. 31, 2013 Ended Mar. 31, 2012FY2013 FY2012 Change
This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties.
Consolidated Sales by Business Segment
(Unit: Billion of Yen)
Amount % to Total Amount % to Total Amount %Powertrain Control 1,238.2 34.6 1,060.2 33.6 178.1 16.8Thermal 1,057.5 29.5 940.4 29.8 117.2 12.5Information & Safety Systems 576.9 16.1 534.6 17.0 42.3 7.9Electronic 342.1 9.6 285.4 9.0 56.6 19.8Small Motors 256.0 7.2 230.9 7.3 25.1 10.9Others(*) 51.7 1.4 45.6 1.4 6.1 13.4Automotive Total 3,522.4 98.4 3,097.0 98.1 425.4 13.7Industrial & Consumer Product 42.7 1.2 42.6 1.4 0.1 0.2Others 15.8 0.4 15.0 0.5 0.8 5.3New Business Total 58.5 1.6 57.6 1.9 0.9 1.6Total 3,580.9 100.0 3,154.6 100.0 426.3 13.5
* Repair parts, original brand products of subsidiaries
ChangeFY2013 FY2012Ended Mar. 31, 2013 Ended Mar. 31, 2012
This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties.
Capital Expenditures, Depreciation and R&D
(Unit: Billion of Yen)
Percent PercentJapan 20.6% 4.6%North America 68.0% 56.1%Europe 2.1% 9.9%Asia & Oceania 63.9% 11.8%Others -43.1% 70.7%Capital Expenditur 28.5% 12.7%Japan -2.2% 2.7%North America -0.7% 24.1%Europe -3.6% 21.5%Asia & Oceania 20.0% 21.6%Others 9.5% 30.4%
Depreciation 0.3% 8.2%
4.3%(9.2%)
3.0196.0350.0
135.018.013.027.0
21.070.0
7.0260.0
FY2014F Change
130.032.0
R&D Expenditure(Ratio to Sales)
298.4
18.5 22.22.1 2.3
335.5(9.4%)(9.5%)
180.6
179.4 230.6134.4 131.5
14.6 14.511.1 10.7
181.1
38.2 62.67.2 4.1
FY2012 FY2013
103.1 124.312.2 20.518.7 19.1
Change
12.4%
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